Cable Update (GBPUSD) | Page 29203 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

GBP/USD

Similar Threads

Cable Update - Continued 118 replies

Cable Update (GBP/USD) without Idiots 25 replies

cable short for gbpusd? 10 replies

Why is GBPUSD called cable? 76 replies

Cable (GBPUSD) vs Euro (EURUSD) 31 replies

Attachments: Cable Update (GBPUSD)
Exit Attachments

Cable Update (GBPUSD)

  • #584,041
  • Mar 16, 2021 5:57am Mar 16, 2021 5:57am
take short 3845
Trade with prediction = witch with her visions lol
  • #584,042
  • Mar 16, 2021 6:00am Mar 16, 2021 6:00am
Quoting gatenio
{quote} very interesting way to draw trendline
https://www.mql5.com/en/charts/13620...-group-limited
  • #584,043
  • Mar 16, 2021 6:01am Mar 16, 2021 6:01am
Drop from here 1.3848... stop 10 points target 1.3790
  • #584,044
  • Mar 16, 2021 6:01am Mar 16, 2021 6:01am
Come goldi take me 1740 and give me 100 $ profit
Gu revarsed up at adr low area 1.38080
Attached Image (click to enlarge)
Click to Enlarge Name: CamScanner 03-16-2021 13.00_1.jpg Size: 112 KB
yes yes yes
  • #584,045
  • Mar 16, 2021 6:06am Mar 16, 2021 6:06am
Quoting mysterio
{quote} Gonna wait, Euro is breaking out and dollar is sinking, I think EU will want to go up to high 1.19s so it may limit any further downside for cable this morning Missed the bounce unfortunately I thought it would touch 1.38 I think that 60-75 zone should be good lets see how the PA is GBP will want to sink when DXY rises though, there is buying pressure on Gilts There is a 5m supply zone here so maybe some drop if DXY finds support around here, it's at a TL retesting area
maybe not a bad idea. I got out of my long took a mini short and am careful with it...as it can go easily to 1.387
A trader is as good as his stop loss. Understand your mistakes.
  • #584,046
  • Mar 16, 2021 6:08am Mar 16, 2021 6:08am
Quoting Sang.Real
GU Scalping again. SNR zone entry Trade at your own risk This is only newbie entry not trade recommendation. Sang Real {image}

GU

First Scalping target/ Gap Closed

Thanks for the help from Professional Traders in this thread.

The scalping trade went well.

Wait for price action on the next move.

Using Support & Resistant Strategy.

Consolidation/Fake Out/SL Hunt ?.

Approaching YL at SNR Zone. Closing the gap

TP/Hold for next set up .?

Any suggestion ?
Attached Image (click to enlarge)
Click to Enlarge Name: gu 133.jpg Size: 290 KB
  • #584,047
  • Edited 6:25am Mar 16, 2021 6:11am | Edited 6:25am
Interesting they think negative...
Stimulus takes time to get out there and be spent ,but I don't think as long as the first.
So the next bar after this one I think will be a big one on the positive side.

 

  1. Did January Retail Sales soar 5.3% on stimulus payments?

"Retail Sales
Expectations for consumer spending in January were also woefully under charted. Overall Sales were forecast to rise 1.1%, they soared 5.3%; Sales ex autos were expected to gain 1%, they jumped 5.9% and the Control Group which mimics the consumption component of GDP, climbed 6% on an 0.8% estimate."

Attached Image (click to enlarge)
Click to Enlarge Name: 1 Screenshot 2021-03-16 at 11.02.58.png Size: 43 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #584,048
  • Mar 16, 2021 6:11am Mar 16, 2021 6:11am
Attached Image (click to enlarge)
Click to Enlarge Name: GU.JPG Size: 183 KB
Do more of what works and less of what doesn't
  • #584,049
  • Mar 16, 2021 6:14am Mar 16, 2021 6:14am
Quoting Student21
{quote} maybe not a bad idea. I got out of my long took a mini short and am careful with it...as it can go easily to 1.387
Yea I think dollar has to pull back here so 1.3850 not bad for a short, also S1/YL, maybe positive USD retail data will help the push down?

Could go either way staying out for now

Looks like I missed both moves today, no bueno
  • #584,050
  • Mar 16, 2021 6:16am Mar 16, 2021 6:16am
morning
some scalps short at half RN 1.385 might be possible.
Attached Image (click to enlarge)
Click to Enlarge Name: 8cf0985a8d73fa6eb06f5d1fcad853d9.png Size: 210 KB
If you don't know how to earn money, don't loose it.
  • #584,051
  • Mar 16, 2021 6:19am Mar 16, 2021 6:19am
... 15min hidden bearish div is present - probably good so long as price stays below 3875...strong bounce so far though! Regular bullish div on 1hr at current dly lo.

EDIT: 50% of the day's fall so far reached.
Trader with an Edge.
  • #584,052
  • Mar 16, 2021 6:23am Mar 16, 2021 6:23am
Quoting mysterio
{quote} Yea I think dollar has to pull back here so 1.3850 not bad for a short, also S1/YL, maybe positive USD retail data will help the push down? Could go either way staying out for now Looks like I missed both moves today, no bueno
But the US retail Data forecast doesn't look that well
Do more of what works and less of what doesn't
  • #584,053
  • Mar 16, 2021 6:28am Mar 16, 2021 6:28am
Quoting gettoefl
yea bears are good but can you endure the pain up to 13860, am scalping from 13830 til there with impunity
well done you bulls
twitter: @gettoefl
  • #584,054
  • Mar 16, 2021 6:29am Mar 16, 2021 6:29am
... 5th consecutive 30min bullish body close in 1min or less...1hr below.

On 4hr we could see pot sbr anywhere to 3883?
Attached Image (click to enlarge)
Click to Enlarge Name: 085cec3c10c8db5ff24b99833c82a8d4.png Size: 62 KB
Trader with an Edge.
  • #584,055
  • Mar 16, 2021 6:29am Mar 16, 2021 6:29am
Quoting mysterio
{quote} Yea I think dollar has to pull back here so 1.3850 not bad for a short, also S1/YL, maybe positive USD retail data will help the push down? Could go either way staying out for now Looks like I missed both moves today, no bueno
yaa but no bueno is losing money no worries yours is bueno enough imho.i mean i actually prefer being late than early and am working on that. Right now am looking for more short until 1.3879 (i have a channel and might be a pivot there too) and short to 1.383 but hey if i see a lot of strength for the up I am going in on a good correction, maybe not even that good lets see. I found by my own pain that going on the train with a tight SL is so much easier than against it...but my nature and ego i think want to be always right and contrarian...
A trader is as good as his stop loss. Understand your mistakes.
  • #584,056
  • Mar 16, 2021 6:31am Mar 16, 2021 6:31am
Quoting mysterio
{quote} Yea I think dollar has to pull back here so 1.3850 not bad for a short, also S1/YL, maybe positive USD retail data will help the push down? Could go either way staying out for now Looks like I missed both moves today, no bueno
today i had the luck of being sleeping during LO.
i just wake up in perfect time to long at 1.38133...
feel lucky today1
If you don't know how to earn money, don't loose it.
  • #584,057
  • Mar 16, 2021 6:31am Mar 16, 2021 6:31am
Quoting ChiForex
{quote} Target met..buy order executed Tp 1.3890-00s and sell again, SL base below 1.38
Perfect if can reach there before US data.
My technical analysis leading trades depend on Daily/Weekly/Monthly Chart
  • #584,058
  • Mar 16, 2021 6:32am Mar 16, 2021 6:32am
Quoting Georginson
{quote} INTRADAY Second buy limit set at 1.3805, I expect a bounce in the short term to 1.3920/1.3960 area before further fall to 1.3650 area this March as far as 1.4050 doesn't break. SWING short entry from 1.3950 still in place for a target of 1.3650.
Buy from 1.3845 manually closed at 1.3858... stand aside and reassess.
Data + Stat + Risk/Emotions Management
  • #584,059
  • Mar 16, 2021 6:33am Mar 16, 2021 6:33am
Quoting Georginson
{quote} Buy from 1.3845 manually closed at 1.3858... stand aside and reassess.

you trade very well. Cheers. Your byy limit which was same as mine didn't trigger
  • #584,060
  • Mar 16, 2021 6:38am Mar 16, 2021 6:38am
added to losing pos.., 1.3860
dolce vita
349 traders viewing now, 1 is registered: